Read our latest articles and insights on industry trends and business tips.

November 21, 2022

How to improve your year-end processing and plan for 2023

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October 25, 2022

2022 -2023 Federal Budget 2.0 Summary

The 2022 - 2023 Federal Budget 2.0 has been handed down! Treasurer Jim Chalmers stated in his speech on 25 October 2022 that "this is a Budget that is right for the times and readies us for the future". Read all the details in our budget summary document.

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October 18, 2022

October 2022 Newsletter

We are pleased to supply you with our October 2022 Newsletter, which contains information on a number of important developments up to and including 30 September, 2022:

• Bonus deduction for employee training proposal
• Crypto reforms: change in consultation approach
• Sale of principal home: extension of exemption
• ASIC's focus on super complaints handling
• Compliance with super laws: ATO's approach

Please contact us if you wish to discuss how the points raised in our October 2022 newsletter specifically affect you.

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September 5, 2022

September 2022 Newsletter

We are pleased to supply you with our September 2022 Newsletter, which contains information on a number of important developments up to and including 31 August, 2022:

• Beware of payment redirection scams
• TPAR due soon: is your business ready?
• Tax time focus on rental properties
• SMSF COVID-19 relief measures have now ceased
• Thinking of ditching your SMSF? 

Please contact us if you wish to discuss how the points raised in our September 2022 newsletter specifically affect you.

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August 9, 2022

August 2022 Newsletter

We are pleased to supply you with our August 2022 Newsletter, which contains information on a number of important developments up to and including 31 July, 2022:

• ATO reminder to small businesses this tax time
• ATO warns against asset wash sales
• ATO protocol for legal professional privilege
• Is this the end for stamp duty in New South Wales?
• Current compliance issues in the SMSF space
• SMSF TBAR to be streamlined

Please contact us if you wish to discuss how the points raised in our August 2022 newsletter specifically affect you.

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July 19, 2022

July 2022 Newsletter

We are pleased to supply you with our July 2022 Newsletter, which contains information on a number of important developments up to and including 30 June, 2022:

• Tax Time 2022: businesses get ready
• ATO guidance update: debt relief and waivers
• What might the Federal Government's proposed electric car discounts mean for taxpayers?
• Tax benefits for unused "carry forward" concessional superannuation contributions
• Personal super deductions: remember the notice of intent

Please contact us if you wish to discuss how the points raised in our July 2022 newsletter specifically affect you.

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July 19, 2022

Business Tips: Setting KPIs and measuring performance

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July 19, 2022

Business tips - Scaling up your business and workforce

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July 19, 2022

Tax Tips for Individuals 2022

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July 19, 2022

Do You Know What Reimbursements Your Employees are Claiming For?

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July 19, 2022

Business tips – Budgeting and managing cashflow

If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance.

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June 8, 2022

June 2022 Newsletter

We are pleased to supply you with our June 2022 Newsletter, which contains information on a number of important developments up to and including 31May, 2022:

• What's next on the agenda for the government?
• Tax time 2022: ATO focus areas
• Single Touch Payroll: Phase 2
• ATO resumes collecting aged debts
• Operation Protego: detecting GST fraud
• More ATO action on super guarantee non-compliance

Please contact us if you wish to discuss how the points raised in our June 2022 newsletter specifically affect you.

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May 11, 2022

May 2022 Newsletter

We are pleased to supply you with our May 2022 Newsletter, which contains information on a number of important developments up to and including 30 April, 2022:

• Employees vs contractors: more clarity coming
• Movement at the FBT station: COVID-19 tests, car parking
• ATO urges vigilance: new TFN and ABN scams
• Federal Budget fuel excise reduction: will all businesses benefit?
• ATO's COVID-related support for SMSFs

Please contact us if you wish to discuss how the points raised in our May 2022 newsletter specifically affect you.

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April 11, 2022

April 2022 Newsletter

We are pleased to supply you with our April 2022 Newsletter, which contains information on a number of important developments up to and including 31 March, 2022:

• Support for flood-ravaged areas
• Temporary full expensing of assets extended
• Record-keeping education in lieu of ATO financial penalties
• FHSS maximum releasable amount increased
• Downsizer contributions: age limit change
• Work test scrapped for super contributions: under 75s
• Reminder: Director ID changes from 5 April, 2022

Please contact us if you wish to discuss how the points raised in our April 2022 newsletter specifically affect you.

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March 30, 2022

2022 - 2023 Federal Budget Summary Document

The 2022 - 2023 federal budget is here! Key measurements were announced by Treasurer Josh Frydenberg on 29th March 2022 including temporary fuel excise relief, cost of living tax offset, cheaper medicines for Australians, and more infrastructure investment. Read all the details in our budget summary document.

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March 30, 2022

DFK International Ranked 6th largest Association in the World

The International Accounting Bulletin presented the results of the 2022 World Survey of global accounting networks and associations recently and we are delighted to report that the DFK remains firmly in the top 10 global associations.

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March 18, 2022

What’s your net worth?

Calculating your net worth can be a quick and easy way to get an outline of your financial position. By working out your net worth each year, you can get a sense of whether your finances are going in the right direction. 

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March 18, 2022

5 tips for chasing invoices without annoying your clients

When you’re a small business owner, sole trader or freelancer, asking for payment on overdue invoices can be a delicate matter. Without an accounts person or department, sometimes you’re trying to secure new work and chase invoices from the same person. Read our article to find some helpful tips on how to handle these situations!

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March 18, 2022

Temporary Full Expensing Extended

Your business may be eligible for Temporary Full Expensing!

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March 18, 2022

How are cryptocurrency transactions taxed in Australia?

Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s vital to explore the tax implications. While these will vary according to your circumstances, and it’s important to seek professional advice, there are some basic tenets you can start with.

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March 16, 2022

March 2022 Newsletter

We are pleased to supply you with our March 2022 Newsletter, which contains information on a number of important developments up to and including 28 February, 2022:

• Work-related COVID-19 tests may be deductible
• Natural love and affection: commercial debt forgiveness
• Last chance to claim the loss carry-back
• Tax debts may affect business credit scores
• Contributions into SMSFs: minimum standards
• SMSFs investing in crypto-assets: be informed and keep records
• FBT time is approaching - we provide a helpful checklist to assist in compiling the necessary information

Please contact us if you wish to discuss how the points raised in our March 2022 newsletter specifically affect you.

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February 22, 2022

Summer Bulletin

We are pleased to supply you with our Summer Bulletin, which contains interesting articles on a number of important topics:  Tax Updates  Key Dates Do your employees want to cash out annual leave? When was your last financial check up?  Making data meaningful for your business Market update Does your business need an app?  Are you suffering from Business Burnout? 5 Goal Setting Tips for 2022 Please contact us if you wish to discuss how the points raised in our Summer Bulletin specifically affect you.

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February 1, 2022

February 2022 Newsletter

We are pleased to supply you our February 2022 Newsletter, which contains information on a number of important developments up to and including 31 January, 2021:

• COVID-19 vaccination rewards: tax implications
• Free mental health support for small business
• Changes to recovery loan scheme for small and medium enterprises
• Need more money in retirement?
• Income protection insurance in super: beware of offsets

Please contact us if you wish to discuss how the points raised in our February 2022 newsletter specifically affect you.

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January 13, 2022

December 2021 / January 2022 Newsletter

We are pleased to supply you our December 2021 & January 2022 Newsletter, which contains information on a number of important developments up to and including 30 November, 2021:

• ATO Medicare exemption data-matching continues
• Building delays may cost you in more ways than one
• Cryptocurrency scams on the rise
• Take care with small business CGT concessions
• ATO concerns on luxury tax 
• Up and coming changes to super
• SMSF trustees: reminder to apply for director IDs

Please contact us if you wish to discuss how the points raised in our December 2021/January 2022 newsletter specifically affect you.

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October 7, 2021

October 2021 Newsletter

We are pleased to supply you our October 2021 Newsletter, which contains information on a number of important developments up to and including 30 September, 2021: Federal COVID-19 support developments  State and Territory COVID-19 support developments Closing a business? Dont forget the GST registration New stapled super changes coming for employers MySuper performance test results and new super comparison tool Please contact us if you wish to discuss how the points raised in our October 2021 newsletter specifically affect you.

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September 6, 2021

September 2021 Newsletter

We are pleased to supply you our September 2021 Newsletter, which contains information on a number of important developments up to and including 31 August, 2021:

• Single Touch Payroll update - Phase 2 coming soon 
• Tax time 2021: rental property pitfalls
• New sharing economy reporting regime proposed
• Reminder: super changes for the 2021 financial year
• Recontributions of COVID-19 early released super

Please contact us if you wish to discuss how the points raised in our September 2021 newsletter specifically affect you.

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August 4, 2021

August 2021 Newsletter

We are pleased to supply you our August 2021 Newsletter, which contains information on a number of important developments up to and including 31 July, 2021:

• ATO tax time support: COVID-19 and natural disasters 
• Hardship priority processing of tax returns
• Workplace giving versus salary sacrifice donations
• Employers beware: increase in super guarantee

Please contact us if you wish to discuss how the points raised in our August 2021 newsletter specifically affect you.

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June 16, 2021

June 2021 Newsletter

We are pleased to supply you our June 2021 Newsletter, which contains information on a number of important developments up to and including 31 May, 2021:

• Are you ready for Tax Time 2021? 
• Don't jump the gun and lodge too early
• How COVID-19 has changed work-related expenses
• ATO data-matching targets rental property owners
• Can I be released from by tax debts? 
• ATO's discretion to retain refunds extends to income tax
• 2021 FBT returns are due
• Beware: phishing and investment scams on the rise

Please contact us if you wish to discuss how the points raised in our June 2021 newsletter specifically affect you.

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May 11, 2021

2021/2022 Federal Budget

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021/22 Federal Budget at 7:30 pm (AEDT) on 11 May, 2021. 

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May 5, 2021

May 2021 Newsletter

We are pleased to supply you our May 2021 Newsletter, which contains information on a number of important developments up to and including 30 April, 2021:

• Independent resolution process for small businesses now permanent
• ATO focus in relation to JobKeeper
• ATO targets contractors who under-report income 
• Can your business claim a deduction for bad debts?
• ATO data-matching: residency for tax purposes
• ASIC extends deadlines for financial reports and AGMs
• Fair Work changes for casual employees

Please contact us if you wish to discuss how the points raised in our May 2021 newsletter specifically affect you.

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April 20, 2021

April 2021 Newsletter

We are pleased to supply you our April 2021 Newsletter, which contains information on a number of important developments up to and including 31 March, 2021:

• It's time to consider FBT
• ATO reminder: Lodge your TPAR
• Covid-19 stimulus and support measures winding back
• Life insurance in super: costs on the way up? 

Please contact us if you wish to discuss how the points raised in our April 2021 newsletter specifically affect you.

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March 5, 2021

March 2021 Newsletter

We are pleased to supply you our March 2021 Newsletter, which contains information on a number of important developments up to and including 28 February, 2021: 

• Tax implications of having more than one job
• Closely held payees: STP options for small employers
• ATO data-matching: JobMaker and early access to super
• Super transfer balance cap increase from 1 July 2021
• Your Future, Your Super legislative changes

Please contact us if you wish to discuss how the points raised in our March 2021 newsletter specifically affect you.

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February 16, 2021

February 2021 Newsletter

We are pleased to supply you our February 2021 Newsletter, which contains information on a number of important developments up to and including 31 January, 2021: 

• ATO warning: watch out for tax avoidance schemes
• COVID-19 Supplement extension to 31 March 2021
• Working from home deductions: "shortcut" rate until 30 June 2021
• JobMaker Hiring Credit rules and reporting
• Small businesses: don't forget your FBT concessions
• New Insolvency rules commence

Please contact us if you wish to discuss how the points raised in our February 2021 newsletter specifically affect you.

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December 8, 2020

December 2020 & January 2021 Newsletter

We are pleased to supply you our December 2020 and January 2021 Newsletter, which contains information on a number of important developments up to and including 23 October 2020:

• Coronavirus Supplement extended (but reduced)
• Additional $250 Economic Support Payments on the
• ATO advises of PAYG instalment and company tax rate error
• ATO post-COVID expectations for businesses
• JobMaker Hiring Credit up to $200/week: draft rules

Please contact us if you wish to discuss how the points raised in our December 2020 and January 2021 newsletter specifically affect you.

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November 3, 2020

November 2020 Newsletter

We are pleased to supply you with our November 2020 newsletter, which contains information on a number of important developments up to and including 23 October 2020

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September 30, 2020

2020/2021 Federal Budget

The Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/21 Federal Budget at 7:30 pm (AEDT) on 6 October 2020. 

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September 30, 2020

October 2020 Newsletter

We are pleased to supply you with our October 2020 Newsletter, which contains information on a number of important developments up to and including 21 September 2020: COVID-19 and FBT: updated ATO advice  ATO updates on new JobKeeper arrangements  Extended COVID-19 support and relief measures ASIC grants hardship relief for withdrawals from frozen funds Super choice of fund and enterprise agreements Super guarantee amnesty now closed Please contact us if you wish to discuss how the points raised in our October newsletter specifically affect you.

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September 1, 2020

September 2020 Newsletter

We are pleased to supply you with our September 2020 Newsletter, which contains information on a number of important developments up to and including 21 August 2020:

• JobKeeper reference date now 1 July 2020 
• PM announces pandemic leave disaster payment for Victoria 
• Loans put on hold and debt forgiveness: ATO’s views
• Residency and source of income in the COVID-19 era 
• ATO’s employees guide for work expenses updated
• FBT: cars garaged at employees’ homes during COVID-19

Please contact us if you wish to discuss how the points raised in our September newsletter specifically affect you.

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August 18, 2020

Paul Fiumara - Appointed Vice President DFK Asia Pacific

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August 5, 2020

August 2020 Newsletter

We are pleased to supply you with our August 2020 Newsletter, which contains information on a number of important developments up to and including 24 July 2020:

• Instant asset write-off further extended
• JobKeeper extended, with changes
• JobKeeper payments to childcare providers end
• Coronavirus Supplement extended, with changes
• ATO alert on fraudulence and non-compliance: COVID-19 measures
• Top tax time myths for 2020 that slow down returns
• Working from home deductions: “shortcut” rate extended
• IGTO investigates ATO communication of taxpayer rights
• Banks further extending loan repayment deferral
• Super contributions beyond age 65 from 1 July 2020

Please contact us if you wish to discuss how the points raised in Newsletter specifically affect you.

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June 30, 2020

July 2020 Newsletter

We are pleased to supply you with our July 2020 newsletter, which contains information on a number of important developments up to and including 22 June 2020:

Tax time 2020 is here – With the great disruptors of the Australian bushfires and the global coronavirus (COVID-19) pandemic, and the associated government economic stimulus measures, there are some key tax-related matters for everyone to be aware of this year.

Expanded instant asset write-off for businesses – If you’ve purchased assets for your business, remember that you may be eligible to claim an immediate deduction under the instant asset write-off, which was recently expanded.

Additional cash flow boost coming for businesses – If your business is one of many that received the initial cash flow boosts as a part of the government’s COVID-19 economic stimulus measures, prepare for more help coming your way.

ATO scam calls may soon be a thing of the past – Australian telcos, the ATO and the ACMA recently collaborated on a three-month trial of technology to block scam calls appearing to originate from legitimate ATO phone numbers.

Please contact us if you wish to discuss how the points raised in our July newsletter specifically affect you.

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June 23, 2020

Office Reopening

Office works and reopening date

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June 9, 2020

June 2020 Newsletter

In this issue we will cover a number of important developments up to and including 22 May 2020 around COVID relief.

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June 4, 2020

June Masterclasses

Check out our series of free 30 minute, practical masterclasses designed to help you navigate the post COVID-19 environment. 

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May 26, 2020

Tax Plan - Minimise Your Business Tax Guide

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May 26, 2020

Tax Plan - Minimise Your Personal Tax Guide

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May 8, 2020

May 2020 Newsletter

More details on the COVID-19 Cash Flow Boost and Jobkeeper Payment Scheme, early release of superannuation and the shift of Federal Budget night to October 6. 

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April 23, 2020

Appointment of New Managing Partner

It is with great pleasure that we announce Gavin Johns has been appointed as Managing Partner of DFK Hirn Newey.

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April 17, 2020

Key Dates for JobKeeper Payment

View a list of all the key dates you should be aware of if you will be seeking the JobKeeper payment

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April 13, 2020

COVID-19 Commercial Rent Relief - Murdoch Lawyers

Read about the new mandatory code of conduct for rent relief for commercial leases affected by COVID-19

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April 13, 2020

QuickFee Accountancy Fee Funding

To assist our clients experiencing cashflow issues during COVID-19, DFK Hirn Newey has partnered with QuickFee.  QuickFee enables us to continue providing the advice you need now, while giving you more time to pay our fees.

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April 3, 2020

April 2020 Newsletter

This month's newsletter focuses on all the latest updates on COVID-19, what kind of government support you're entitled to, the numerous stimulus packages and what they mean for you, working from home implications, scams and more. Read how our business can help yours navigate this difficult period in time. 

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March 24, 2020

DFK Hirn Newey - Qld Payroll Tax Relief Package Summary

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March 23, 2020

DFK Hirn Newey - COVID-19 Latest Update

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March 18, 2020

DFK Hirn Newey - COVID-19 Update

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February 6, 2020

March 2020 Newsletter

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February 5, 2020

February 2020 Newsletter

In this month's newsletter we see the Draft Miscellaneous Taxation Ruling MT 2018/D1 withdrawn, extension for bushfire assistance provided by the ATO, a new taskforce within the ATO aimed at the top 500 performing private groups and helpful hints and tips to increase your super for free.

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January 17, 2020

January 2020 Newsletter

This month, all the latest on how ATO debts may affect your credit rating, crowdfunding, tax relief for drought-stricken farmers and so much more. 

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January 16, 2020

2019 DFK Wavelength Survey Results

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November 20, 2019

November 2019 Newsletter

In this month's newsletter we take a look at getting the benefit of your business and tax losses, downsizer super contributions, Health insurance and your tax uncovered, Small business CGT concession and when you qualify. We are also going to take a look at unpaid super and the important amnesty update for employees, Selling shares and how tax applies, ATO to scrutinize every return for tax time 2019 and the insurance changes in superannuation and how to protect yourself. 

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